https://www.taxtmi.com/caselaws?id=91230 In excise valuation under section 4 of the Central Excise Act, a discount given only to selected buyers is deductible only if it is established as a bona fide trade discount and not one driven by extra-commercial considerations. The Tribunal noted that bulk-purchase discounts may be commercially justified, but the evidence did not show the disputed discount to be a normal trade discount. Material produced for the first time before the Tribunal was not examined, and the case concerned the admissibility of the discount itself rather than recomputation of value on sales to related persons. The discount was therefore treated as inadmissible. en-us Tue, 28 Jul 1998 00:00:00 +0530 Fri, 14 Oct 2011 16:06:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91230 In excise valuation under section 4 of the Central Excise Act, a discount given only to selected buyers is deductible only if it is established as a bona fide trade discount and not one driven by extra-commercial considerations. The Tribunal noted that bulk-purchase discounts may be commercially justified, but the evidence did not show the disputed discount to be a normal trade discount. Material produced for the first time before the Tribunal was not examined, and the case concerned the admissibility of the discount itself rather than recomputation of value on sales to related persons. The discount was therefore treated as inadmissible. Case-Laws Central Excise Tue, 28 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91230